Seven ANZ startups that raised $111.5 million this week
Roundup of seven raises across the Tasman spanning fintech, marine tech, agtech, defence and AI, plus a first close for an ACT venture fund.
Company
Every investor coverage indicates participated in a round RAAF raised.
Companies RAAF acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Terry van Haren | Air and Space Attaché (former) | Defence Connect |
| Steven ‘Zed’ Roberton | Air Commander Australia (former) | @AuManufacturing |
| Eric Peck | Pilot (former) | Startup Daily (Thu 21 Nov 2024), Startup Daily (Sat 19 Oct 2024) |
| Daniel Stevens | Avionics Technician (former) | Startup Daily, Beaten Zone Venture Partners |
| Craig Inns | Air Combat Officer and Aircraft Engineer (former) | Defence Connect |
Stories naming RAAF. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of seven raises across the Tasman spanning fintech, marine tech, agtech, defence and AI, plus a first close for an ACT venture fund.
Beaten Zone Venture Partners announces Fund 1 joined Activate Capital and UNSW in a seed round for Seitec, a Canberra defence startup whose seismic sensors find unexploded ordnance and hidden drones.
Also Dealroom·Business News Australia·Defence Connect·Startup Daily
Seitec, a Canberra defence technology maker, has landed a $4 million round with ACTivate Capital leading and Beaten Zone Venture Partners and UNSW participating, funding overseas expansion, product development and hiring.
Also Startup Daily
A $4 million round for Canberra defence sensing firm Seitec is led by ACTivate Capital with UNSW and Beaten Zone co-investing; the ACT Government-backed fund earlier closed $23 million of a possible $50 million.
Roundup of manufacturing news: Archer Materials' biochip results with IMEC, Resmed's CPAP mask launch, Boeing's RAAF P-8A upgrades, Breakthrough Victoria's $75m across venture funds, an Avalon Airport freight facility, and Sleeptite's FlexiSense.
DroneShield has appointed four seasoned national-security figures — van Haren, Osley, McLachlan and Lam-Evans — to strategy, advisory and government-relations roles as the counter-drone company scales.
Drone delivery company Swoop Aero has entered voluntary administration after its cofounder blamed investor pressure; administrators now seek a buyer or recapitalisation. The piece recalls its 2021 Series B and 2018 Startmate stint.
Also Startup Daily
Roundup of Australian manufacturing updates: Sparc Hydrogen's R&D tax refund, executive appointments at Lockheed Martin Australia, Wellnex Life and Raytheon, a ReNu Energy power purchase deal, and BlueScope joining a low-carbon research centre.
Three local drone makers won defence accelerator contracts worth $2.2 million apiece to finish prototypes and build 100 uncrewed aerial systems, while the Ghost Shark underwater drone reached America for trans-Pacific testing.
Also @AuManufacturing
Australia's federal government announced plans to buy two military drone systems — Germany's Quantum-Systems Vector and Melbourne maker SYPAQ's CorvoX — for the Army and Air Force, with deliveries expected in 2025.
Opinion piece by Advanced Navigation's CEO in an @AuManufacturing series arguing for space R&D investment, citing the company's $5.2 million Australian Space Agency grant and Space Machines' satellite launch.
Defence electronics maker REDARC has hired Craig Inns as sales general manager, charging him with lifting the South Australian business into a Tier 2 supplier role for the national defence industry.
Rosebank Engineering has started operating its Melbourne F-35 component repair depot, backed by a $2.26m federal grant, serving Indo-Pacific fleets; the business sits in ASDAM Group, which CPE Capital mostly owns.
SEA Electric orders batteries after a $54m raise; Baraja raises $40m for LIDAR, led by Blackbird; Stealth demos weed detection; Wattle Health lifts profit and sells its dairy arm; Hydac wins VR training grant.
Fifteen companies received defence innovation grants totalling $28 million through the Defence Innovation Hub, including Carbon Revolution for Chinook helicopter wheels; the Geelong firm also completed a convertible note raising in June.
Also @AuManufacturing
Talk by ex-RAAF pilot Jason Waller on leading Spookfish from its 2015 backdoor listing to its sale to EagleView, with notes on nearMap's rise and its chief executive's upcoming appearances.